2 weeks Ago By ABMN Staff
Bath & Body Works ( NYSE:BBWI – Get Free Report ) ‘s stock had its “outperform” rating reissued by equities researchers at Telsey Advisory Group in a note issued to investors on Wednesday, Marketbeat reports. They presently have a $53.00 price target on the stock.
Telsey Advisory Group’s price target points to a potential upside of 70.91% from the stock’s previous close. Other research analysts have also recently issued reports about the stock.
Barclays dropped their target price on shares of Bath & Body Works from $45.00 to $32.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 7th.
Piper Sandler dropped their price target on shares of Bath & Body Works from $47.00 to $39.00 and set a “neutral” rating on the stock in a research note on Thursday, July 11th.
Citigroup reduced their price objective on shares of Bath & Body Works from $48.00 to $35.00 and set a “neutral” rating for the company in a research note on Tuesday, August 20th.
Deutsche Bank Aktiengesellschaft dropped their target price on Bath & Body Works from $57.00 to $54.00 and set a “buy” rating on the stock in a research report on Monday.
Finally, Wells Fargo & Company decreased their price target on Bath & Body Works from $48.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 24th.
Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $42.
50. Get Our Latest Stock Analysis on BBWI Bath & Body Works Price Performance Bath & Body Works ( NYSE:BBWI – Get Free Report ) last released its quarterly earnings results on Wednesday, August 28th. The company reported $0.
37 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.02.
Bath & Body Works had a net margin of 11.92% and a negative return on equity of 40.00%.
The business had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.54 billion.
On average, research analysts anticipate that Bath & Body Works will post 3.29 EPS for the current fiscal year. Hedge Funds Weigh In On Bath & Body Works Several hedge funds have recently made changes to their positions in the business.
Vanguard Group Inc. boosted its holdings in shares of Bath & Body Works by 4.2% during the 1st quarter.
Vanguard Group Inc. now owns 27,398,192 shares of the company’s stock valued at $1,370,458,000 after buying an additional 1,102,124 shares in the last quarter. Lone Pine Capital LLC lifted its position in Bath & Body Works by 15.
8% during the 2nd quarter. Lone Pine Capital LLC now owns 11,315,515 shares of the company’s stock valued at $441,871,000 after acquiring an additional 1,547,399 shares during the period. Anomaly Capital Management LP bought a new stake in Bath & Body Works during the second quarter worth about $113,995,000.
Norges Bank bought a new stake in shares of Bath & Body Works in the 4th quarter worth approximately $101,669,000. Finally, Sound Shore Management Inc. CT grew its stake in shares of Bath & Body Works by 10.
0% in the 2nd quarter. Sound Shore Management Inc. CT now owns 2,088,703 shares of the company’s stock worth $81,564,000 after buying an additional 189,889 shares during the last quarter.
95.14% of the stock is owned by hedge funds and other institutional investors. Bath & Body Works Company Profile ( Get Free Report ) Bath & Body Works, Inc operates a specialty retailer of home fragrance, body care, and soaps and sanitizer products.
It sells its products under the Bath & Body Works, White Barn, and other brand names through retail stores and e-commerce sites located in the United States and Canada, as well as through international stores operated by partners under franchise, license, and wholesale arrangements. Featured Articles Receive News & Ratings for Bath & Body Works Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bath & Body Works and related companies with MarketBeat.com's FREE daily email newsletter .
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